The Nigerian Communications Commission (NCC) has set a revenue target of N632.39 billion for the fiscal year 2022.
Prof. Umar Danbatta, the NCC’s Executive Vice Chairman, stated this during the budget defense before the Joint Committee on Communications of the National Assembly in Abuja.
The revenue objectives, according to Danbatta, will also include earnings from the 5G spectrum sale.
According to him, “Each slot of the 5G spectrum is going for an exact price of N75 billion. However, in an auction, it can go as high as N100 billion.
“The exact price for the Spectrum auction in 2022 will give the Federal Government N300 billion; when the projected revenue is added to it we are expecting well over N600 billion because it is an auction.
“Our revenue in 2022 will be higher than what is being generated in 2021. For the commission’s main budget, a sum of N86.2 billion is proposed for recurrent expenditures, N29.36 billion is for Capital while N2.55 billion is earmarked for Special Projects.”
Concerns about 5G were expressed by the NCC chief, who stated that the agency shares the same concern because it is justified, and that it has been educating Nigerians about the new technology’s safety.
“Until now, there has been no convincing proof of a health concern associated with 5G technology,” he stated.
